Hyperliquid Don Pass $319B July Volume, E Dey Boost $487B DeFi Futures

Hyperliquid, one Solana-based decentralized exchange, post record $319 billion for DeFi perpetual futures trading volume for July. Dis na di highest monthly total wey ever happen for any DeFi perpetual futures DEX. According to DeFiLlama, Hyperliquid make 35% of blockchain trading revenue that month. VanEck analysts talk say the surge na because e get user-friendly interface and dem dey list aggressive spot trading since April. The July milestone make total DeFi perpetual futures volume increase to $487 billion, 34% higher than June wey be $364 billion. EdgeX and MYX Finance come second and third with $21 billion and $9 billion respectively. Even with 37-minute downtime on July 29, Hyperliquid quickly pay affected users $2 million back. By end of July, e user base don pass 604,400, up from 488,000 for early June. Dis performance show say demand for DeFi perpetual futures for decentralized exchanges dey grow. As DeFi platforms dey challenge centralized exchanges, Hyperliquid surge show how traders prefer contracts wey easy to access.